Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 20,712 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $1.70, for a total value of $35,210.40. Following the sale, the chief executive officer now directly owns 281,366 shares of the company’s stock, valued at $478,322.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
RESN opened at $1.60 on Friday. The firm has a market cap of $44.43 million, a price-to-earnings ratio of -1.27 and a beta of 1.00. Resonant Inc has a 52 week low of $1.55 and a 52 week high of $8.55.
Resonant (NASDAQ:RESN) last released its quarterly earnings data on Tuesday, November 13th. The semiconductor company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The company had revenue of $0.12 million for the quarter, compared to the consensus estimate of $0.50 million. Resonant had a negative return on equity of 80.75% and a negative net margin of 4,630.51%. As a group, equities analysts predict that Resonant Inc will post -0.89 earnings per share for the current fiscal year.
Several research firms have commented on RESN. National Securities restated a “buy” rating and set a $8.00 price objective on shares of Resonant in a report on Monday, August 13th. HC Wainwright set a $8.00 price objective on Resonant and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research upgraded Resonant from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Loop Capital reduced their price objective on Resonant to $7.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $6.83.
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Resonant Company Profile
Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.
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